Thursday, 07 March 2019
In South Korea dropped the price of pork
The decline in prices caused by increase in imports
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In South Korea dropped the price of pigs and pork. As reported by YTN, reported on March 7 representatives of the province of Jeollanam-do in conjunction with the Corporation Korea Agro-Fisheries Trade.
According to them, the price of pigs in the country have been falling since December 2018. Until December last year, the cost of one pigs (110 kg) was 347 thousand won (~$308), but by the middle of February the price dropped to 267 thousand won (~$237).
Also, wholesale pork prices also continued to fall. According to the Korea Agro-Fisheries Trade, the wholesale price per kilogram of pork in December 2018 was 4 200 won (~$3,72), but two months later dropped to 3,200 won (~$2,84).
Retail price sagipsul (fatty pork belly) also fell by 8.6% to 16 thousand won (~$14,19).
In the province of Jeollanam-do is located 537 farms, which grow to 1.1 million pigs.
Photo:
sfera.fm
Translated by service "Yandex.Translation"
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